ACQUIRED TECHNOLOGY

12 Months Ended

Dec. 31, 2020

ACQUIRED TECHNOLOGY

ACQUIRED TECHNOLOGY

9. ACQUIRED TECHNOLOGY

Acquired technology consisted of the following (in thousands):

				Accumulated		Balance
	Gross Value		Estimated Life	Amortization		December 31, 2020
Acquired technology	$	10,193	5 years	$	1,091	$	9,102

The Company recognized $0.8 million and $0.3 million of amortization expense as of December 31, 2020 and 2019, respectively, and expects to recognize $2.0 million of amortization expense annually in the years ended December 31, 2021 through 2023, $1.8 million in 2024 and $1.3 million in 2025. The weighted-average remaining amortization period is 4.6 years.